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  "documentTitle": "Howard Hughes Corporation (HHC)",
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  "authorName": "William Ackman",
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  "presentationDate": "2017-05-08 00:00:00",
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  "notes": "The slide uses a historical timeline to establish that HHC's current asset portfolio has a long history of prior ownership, drawing a parallel to Donald Bren's business model.",
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      "text": "HHC is the third or fourth owner of many of its MPCs",
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      "text": "Rouse owned Summerlin, Columbia, Bridgeland, the Seaport District and a majority interest in The Woodlands",
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      "text": "2010: HHC acquired its MPC assets from GGP in a spin-off transaction",
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      "text": "2004: General Growth Properties (GGP) acquired The Rouse Company",
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      "text": "1996: The Rouse Company acquired control of Summerlin from the Howard Hughes estate",
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      "text": "2010: GGP bought 100% ownership of Summerlin by buying the remaining interests from the heirs of Mr. Howard Hughes",
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      "text": "1950s: Land encompassing the Summerlin MPC acquired by Mr. Howard Hughes and conducted business as The Howard Hughes Corporation",
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      "text": "Like Donald Bren, HHC was not the First Owner of its MPCs",
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